Average home price in Kildare now tops €400k
A sight seldom seen anymore in Kildare with only 1.3% vacancy rate.
FOR the first time ever, the average house price in Kildare has topped €400,000, it was revealed this week (7 August), a rise of almost €8,000 since October (€392,589 to €400,286).
A total of 1,599 new residential addresses were recorded in Kildare the twelve months to June 2024, according to the latest GeoDirectory Residential Buildings Report.
This will push the total stock of housing in Kildare – private and public – to a little under 82,000 units in the entire county. (About 6,200 of these are Council-owned.)
The report, prepared by EY, found that a further 1,659 residential buildings were under construction across the county in June 2024.
Unsurprisingly, the residential vacancy rate in Kildare was 1.3 per cent at the end of Q2 2024, less than half the national average of 3.9%, while a total of 82,031 residential properties were recorded as vacant in the State in June 2024.
Nationally, 31,384 address points were added to the GeoDirectory database.
The highest proportion were located in Dublin with over a third of the overall total (10,508), followed by Cork (3,621), Meath (1,812) and Kildare (1,599).
Counties in Leinster accounted for over two-thirds (66.2%) of the new address points.
The total number of buildings under construction nationally in June 2024 was down 4.3%, or 991 buildings, compared to June 2023.
Of the 21,851 residential buildings under construction last month, 13.7% were located in Dublin (2,985 buildings).
This was closely followed by Cork (2,844 buildings), with 1,659 new residential buildings under construction in Kildare in June 2024.
Construction activity was weakest in the neighbouring counties of Sligo, Roscommon, Leitrim and Longford where there were fewer than 200 buildings under construction.
The lowest vacancy rates in the country were recorded in Dublin (1.2%), Kildare (1.3%), Waterford (2.3%) and Carlow (2.5%), while the highest residential vacancy rates continue to be found along the North and Midwest coast.
Leitrim, at 12 per cent was the county with the highest vacancy rate, along with Mayo (10.7%), Roscommon (10.2%), Donegal (9.2%) and Sligo (8.2%).
A further 20,413 residential buildings were classified as derelict in June 2024, with just 1.3 per cent of these located in Kildare.
In May 2024 the average house price nationally was €381,749, while in Dublin, the average property price was €542,240 - the highest in the country - with the lowest price being in Longford at €182,713.
Analysing house price data published by the CSO and the latest rent price data from Daft.ie, the report found that the average mortgage repayment for a new dwelling in May 2024 was €1,723 compared with the average market rent in Q1 2024 of €1,836.
This is higher than the latest average monthly rent payment of €1,595 from the Residential Tenancies Board for Q4 2023.
The GeoDirectory database is the most comprehensive address database of dwellings in the Republic of Ireland.
It was jointly established by An Post and Tailte Éireann (formerly Ordnance Survey Ireland) to create and manage Ireland’s only complete database of commercial and residential buildings.
The figures are recorded through a combination of the An Post network of 5,600 delivery staff working with Tailte Éireann.
